Revisions to data

04/30/2012
Readers of OGJ's US Industry Scoreboard may have noticed a recent addition to that table. At the suggestion of a long-time reader, the line disclosing US net product imports has been added, starting with the Apr. 16 issue. Figures from the US Energy Information Administration show that recently, the US became a net exporter of oil products, mostly gasoline and distillate, as gross exports of products exceeded gross imports of the same. While gasoline demand has weakened since 2009, year-on-year comparisons have been skewed, as EIA was underestimating US exports. Distorted comparisons Last month, EIA posted on its web site as follows: "EIA's Weekly Petroleum Status Report (WPSR) colle...
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